Connected IO Ltd. (AU:CIO) has released an update.
Connected IO Limited is in the final stages of negotiations for a significant acquisition in the resources sector, following successful due diligence. The company reported a strong cash position with $1.35 million and no debt, and received a royalty payment of $19,000 from Focus Minerals for the past quarter. However, the company’s securities have been suspended from quotation on the ASX due to non-compliance with listing rules.
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